Key Concepts: Keynesian Economics, Monetarist
Economics, New Classical Economics, Comparison and Influence
Legal Information Institute—The
Full Employment and Balanced Growth Act (1978)
Read Section 3101: Congressional
Findings of the Full Employment and Balanced Growth Act of 1978 in the lower
frame of your screen.
- What economic goals are established by the U.S. Congress as national priorities?
- What combination, if any, of macroeconomic policies (e.g. Keynesian, Monetarist,
and Classical) is recommended by the Full Employment and Balanced Growth Act
for achieving its goals?
- Access the 107th Congress Economic
Report of the President (January
2001). Review the "Making of the New Economy" chart in Chapter One
(page 16 of 392). Assess the overall economic performance of the United States
over the past few years.
